D Question 16 3 points On July 1, 20x1, Fun Festival Supplies Company borrows $50,000 cash from a bank by signing a 2-year installment note bearing 4% interest. The note requires equal total payments of $26,510 each year on June 30. You must complete the following amortization table for this installment note: **Payments Period Ending Beginning Date Balance Interest Notes Expense + Payable Cash Ending Balance 6/30/20X2 50,000 26,510 6/30/20X3 26,510 0 Totals ? ? In the row, Totals, the dollar amount for Interest Expense is? D Question 17 3 points On July 1, 20X1. Fun Festival Supplies Company borrows $50,000 cash from a bank by signing a 2-year installment note bearing 4% interest. The note requires equal total payments of $26,510 each year on June 30. You must complete the following amortization table for this installment note: *Payments Period Ending Date Beginning Interest Balance Expense Notes Payable Cash Ending Balance + 6/30/20X2 50,000 26,510 6/30/20X3 26,510 0 Totals In the row, Totals, the dollar amount for Notes Payable is? Question 18 3 points On July 1, 20X1, Fun Festival Supplies Company borrows $50,000 cash from a bank by signing a 2-year installment note bearing 4% interest. The note requires equal total payments of $26,510 each year on June 30. You must complete the following amortization table for this installment note: *Payments Period Ending Date Beginning Interest Notes Balance Expense + Payable Cash Ending Balance 6/30/20X2 50,000 26,510 6/30/20X3 26,5100 Totals ? ? ? In the row, Totals, the dollar amount for Cash is? D Question 19 4 points On July 1, 20X1. Fun Festival Supplies Company borrows $50,000 cash from a bank by signing a 2-year installment note bearing 4% interest. The note requires equal total payments of $26,510 each year on June 30. You must complete the following amortization table for this installment note: *Payments Period Ending Date Beginning Interest Notes Balance Expense + Payable Cash Ending Balance 6/30/20X2 50,000 26,510 6/30/20X3 26,510 0 Totals ? ? ? You have completed the amortization table for this installment note. On June 30, 20X2, you are preparing the journal voucher for the first annual payment. The dollar value of the Interest Expense account is? D Question 20 4 points On July 1. 20X1. Fun Festival Supplies Company borrows $50,000 cash from a bank by signing a 2-year installment note bearing 4% interest. The note requires equal total payments of $26,510 each year on June 30, You must complete the following amortization table for this installment note: **Payments Period Ending Date Beginning Interest Notes Balance Expense + Payable Cash Ending Balance 6/30/20X2 50,000 26,510 6/30/20X3 26,5100 Totals ? ? You have completed the amortization table for this installment note. On June 30, 20X2, you are preparing the journal voucher for the first annual payment. The dollar value of the Notes Payable account is
